SET's July trading volume down nearly 2% from June
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The Stock Exchange of Thailand's securities trading volume last month rose slightly from end-December, but fell from June, dragged down by uncertainties of global economic recovery and caution over the US Federal Reserve's monetary policy, while domestic
The SET Index ended July at 1,423.14 points, down 1.98 per cent from June but up 2.24 per cent from the end of last year. Foreign investors remained net sellers of US$2.5 billion (Bt78 billion) worth of stocks in the first seven months.
Combined average daily trading value of the SET and Market for Alternative Investment (MAI) was Bt45.94 billion, up 64.37 per cent from a year earlier, but down 27.15 per cent from June. In the first seven months, average daily turnover doubled to Bt59.19 billion from a year earlier.
Daily trading of derivatives rose 26.22 per cent from a year ago to 54,755 contracts per day, but down 42.43 per cent from the past month.
Market capitalisation
The market capitalisation of the SET in July was Bt12.35 trillion, falling 1.4 per cent from June but rising 4.4 per cent from the end of last year, while the market valuation of the MAI was Bt179 billion.
The forward price-to-earnings ratio for the SET was 13.48 times, similar to the regional market’s average of 13.39 times, while the MAI’s forward P/E was 16.18 times.
The dividend yield of the SET was 3.03 per cent at the end of July, higher than the 2.78-per-cent average of other regional markets, while the MAI was 1.54 per cent.
Big-cap shares trading increased compared with the previous month, mostly in banking and energy and utilities. Foreign investors were buyers in July, purchasing Thai shares worth a net Bt603 million, reversing from sellers in three straight months.
Companies listed on the SET and MAI raised funds through equity markets worth a combined Bt9.45 billion in July.
Of that, Bt5.34 billion was raised from initial public offerings and Bt4.11 billion from the secondary market. In the first seven months, Bt186 billion raised, up 153 per cent from a year earlier.
Derivatives trading fell 42.43 per cent from June earlier to an average of 54,755 contracts per day due to the declining volume of all products, but trading rose 26.22 per cent from a year ago.
Commodity futures trading in the night session accounted for 45.37 per cent of total trading volume, or up 42 per cent from the previous month.
Session trading contributed 50.81 per cent of the total in the first seven months of this year.
